Hyper Bit Announces Second Draw from Bit Royalty Credit Facility to Purchase Bitcoin
Hyper Bit Technologies (OTC:HYPAF) has announced its second draw of C$50,000 from its credit facility with Bit Royalty, bringing the total drawn to C$100,000. The funds will be used to acquire approximately 0.7 Bitcoin as part of the company's crypto treasury strategy.
The credit facility provides up to C$1,000,000 in financing, bearing 10% annual interest and convertible to equity. The agreement allows Hyper Bit to purchase various cryptocurrencies including Bitcoin, Ethereum, Dogecoin, and others. Each transaction includes a C$5,000 custodial fee convertible into company shares, with securities subject to a four-month-and-one-day hold period.
Hyper Bit Technologies (OTC:HYPAF) ha annunciato il secondo prelievo di C$50.000 dalla sua linea di credito con Bit Royalty, portando il totale prelevato a C$100.000. I fondi saranno utilizzati per acquistare circa 0,7 Bitcoin come parte della strategia di tesoreria in criptovalute dell'azienda.
La linea di credito offre fino a C$1.000.000 di finanziamento, con un interesse annuo del 10% e convertibile in azioni. L'accordo consente a Hyper Bit di acquistare diverse criptovalute tra cui Bitcoin, Ethereum, Dogecoin e altre. Ogni transazione prevede un costo di custodia di C$5.000 convertibile in azioni della società, con i titoli soggetti a un periodo di blocco di quattro mesi e un giorno.
Hyper Bit Technologies (OTC:HYPAF) ha anunciado su segundo retiro de C$50,000 de su línea de crédito con Bit Royalty, elevando el total retirado a C$100,000. Los fondos se utilizarán para adquirir aproximadamente 0.7 Bitcoin como parte de la estrategia de tesorería en criptomonedas de la empresa.
La línea de crédito ofrece hasta C$1,000,000 en financiamiento, con un interés anual del 10% y convertible en acciones. El acuerdo permite a Hyper Bit comprar varias criptomonedas, incluyendo Bitcoin, Ethereum, Dogecoin y otras. Cada transacción incluye una tarifa de custodia de C$5,000 convertible en acciones de la empresa, con valores sujetos a un período de retención de cuatro meses y un día.
Hyper Bit Technologies (OTC:HYPAF)가 Bit Royalty와의 신용 한도에서 두 번째로 C$50,000를 인출하여 총 인출액을 C$100,000로 늘렸습니다. 이 자금은 회사의 암호화폐 재무 전략의 일환으로 약 0.7 비트코인을 매입하는 데 사용될 예정입니다.
신용 한도는 최대 C$1,000,000의 자금을 제공하며, 연 10% 이자가 부과되고 주식으로 전환 가능합니다. 이 계약은 Hyper Bit가 비트코인, 이더리움, 도지코인 등 다양한 암호화폐를 구매할 수 있도록 허용합니다. 각 거래에는 C$5,000의 보관 수수료가 포함되며, 이는 회사 주식으로 전환 가능하고, 증권은 4개월 1일간의 보유 기간이 적용됩니다.
Hyper Bit Technologies (OTC:HYPAF) a annoncé son deuxième tirage de 50 000 C$ sur sa facilité de crédit avec Bit Royalty, portant le total tiré à 100 000 C$. Les fonds seront utilisés pour acquérir environ 0,7 Bitcoin dans le cadre de la stratégie de trésorerie en cryptomonnaies de la société.
La facilité de crédit offre un financement allant jusqu'à 1 000 000 C$, avec un taux d'intérêt annuel de 10% et convertible en actions. L'accord permet à Hyper Bit d'acheter diverses cryptomonnaies, dont Bitcoin, Ethereum, Dogecoin et d'autres. Chaque transaction comprend des frais de garde de 5 000 C$ convertibles en actions de la société, avec des titres soumis à une période de blocage de quatre mois et un jour.
Hyper Bit Technologies (OTC:HYPAF) hat seine zweite Auszahlung von C$50.000 aus seiner Kreditfazilität mit Bit Royalty bekannt gegeben, womit die insgesamt abgerufene Summe C$100.000 beträgt. Die Mittel werden verwendet, um etwa 0,7 Bitcoin im Rahmen der Krypto-Treasury-Strategie des Unternehmens zu erwerben.
Die Kreditfazilität bietet eine Finanzierung von bis zu C$1.000.000 mit 10 % Jahreszins und ist in Eigenkapital wandelbar. Die Vereinbarung erlaubt Hyper Bit den Kauf verschiedener Kryptowährungen, darunter Bitcoin, Ethereum, Dogecoin und andere. Jede Transaktion beinhaltet eine verwahrungsgebühr von C$5.000, die in Unternehmensanteile wandelbar ist, wobei die Wertpapiere einer Sperrfrist von vier Monaten und einem Tag unterliegen.
- Access to C$1,000,000 credit facility for crypto asset acquisition
- Flexibility to invest in multiple top cryptocurrencies beyond just Bitcoin
- Strategic partnership with Bit Royalty expanding crypto treasury capabilities
- 10% annual interest rate on drawn amounts
- Additional C$5,000 custodial fee per transaction
- Potential share dilution from debt conversion and custodial fees
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTC Pink: HYPAF) (FSE: N7S0) (the "Company" or "Hyper Bit") announces that further to its recent news dated June 18th 2025, the first draw from Bit Royalty, an arms length entity, to acquire Bitcoin and various top crypto currencies as treasury assets, Hyper Bit has made a second request for a draw of C
Bit Royalty provides Hyper Bit with a credit facility of up to CAD
The scope of the agreement with Bit Royalty includes the ability of the Company to purchase a variety of top trading cryptocurrency tokens as treasury assets.
- HYPE: Hyper Liquid
- BTC: Bitcoin
- DOGE: Dogecoin
- USDC: USDC
- ETH: Ethereum
- XRP: XRP
- SOL: Solana
- ADA: Cardano
Mr. Dallas La Porta, President, CEO and Director of Hyper Bit Technologies Ltd., stated: "We have requested a second draw down from Bit Royalty and will continue to systematically expand our crypto currency treasury holdings. The newly expanded scope of our agreement with Bit Royalty allows Hyper Bit to strategically build its crypto currency portfolio and include a wider variety of crypto assets to maximize potential growth. We continue to be bullish on Bitcoin and the crypto markets and are now moving to build our crypto treasury through strategic partnerships and financing, providing investors with comprehensive and compliant exposure to the crypto currency sector."
The agreement allows for the Company to acquire a variety of crypto currencies on a transactional basis, with pricing to be determined at the time of each transaction. Each transaction will be subject to due diligence and will comply with all applicable Canadian securities laws and the policies of the Canadian Securities Exchange.
The facility shall bear interest at
Any securities of the Company issued in connection with the facility will be subject to a statutory four-month-and-one-day hold period, in accordance with applicable securities laws, and a concurrent four-month hold period imposed under CSE policies, in each case, commencing on the date of issuance.
About Hyper Bit Technologies Ltd.
Hyper Bit Technologies Ltd. is a forward-thinking, diversified technology company specializing in the acquisition, development, and strategic deployment of crypto mining operations and blockchain-based innovations. As global interest in digital assets accelerates-driven by the rise of blockchain, decentralized finance (DeFi), and increasing institutional and retail adoption-Hyper Bit is committed to unlocking value across the crypto ecosystem while delivering growth for our stakeholders. Hyper Bit Technologies Ltd. is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association.
Stay informed on our latest developments by subscribing to Company updates at Hyperbit.ca and follow us across our social media channels: X.com, TikTok, Instagram, and LinkedIn. Hyper Bit Technologies Ltd. is publicly listed in Canada (CSE: HYPE), the USA (OTC Pink: HYPAF) and in Europe (FSE: N7S0).
ON BEHALF OF THE BOARD
(Signed) "Dallas La Porta" __________
Dallas La Porta, President, CEO and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-602-4935
Facsimile: 1-604-602-4936
e-mail: team@hyperbit.ca
FORWARD-LOOKING STATEMENTS:
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release includes statements related to the Proposed Transaction and related matters. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
No investment is without risk. Crypto currencies are particularly volatile and therefore particularly risky. Companies that are developing technologies and investing in crypto mining can potentially be adversely affected by its inherent volatility. Readers are cautioned to always consult an investment advisor to determine if an opportunity is right for you.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256725
FAQ
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